The effect of Canadian and U.S. M1 announcements on Canadian financial markets: the Crow years

Article Abstract:

Canadian and American M1 weekly growth create contrasting effects on the financial market of Canada during the regime of Bank of Canada Governor John Crow. During the Crow era, Canadian stock prices have the tendency to become higher whenever the US M1 weekly growth is high. On the other hand, Canadian securities are lower whenever the Canadian M1 weekly growth is high. The regime of Bank of Canada Governor John Crow saw the enactment of a Canadian-built monetary policy.

Administration of General Economic Programs, Functions related to deposit banking, Foreign Exchange Dealers, Commodity Contracts Dealing, Foreign Exchange & Reserves Policy, Financial markets, Capital assets

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Is the Canadian stock market efficient with respect to fiscal policy? Some vector autoregression results

Article Abstract:

An analysis of the efficient market hyothesis is presented. The analysis focuses on the hypothesis' application to Canada's stock exchange and applies vector autoregression (VAR) technique. It is shown that initial Darrat findings which conclude its inefficiency are not validated. A nine-variable Canadian monthly VAR model showed efficient basis for the country's fiscal policy decisions.

Research, Usage, Fiscal policy, Efficient market theory, Autoregression (Statistics)

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Contagion and interdependence in stock markets: have they been misdiagnosed?

Article Abstract:

The effects of the Asian financial crisis upon the Hong Kong index are discussed.

Hong Kong

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